Lynnfield Woman Arrested, Charged With Filing False Tax Returns

BOSTON, MA — A Lynnfield woman accused of claiming more than a $370,000 mortgage interest despite defaulting on the loan and the property going into foreclosure was arrested Thursday. Karyn Ingram, 50, appeared in federal court and was charged in an indictment with three counts of filing false tax returns for tax years 2011, 2012 and 2013.

According to the indictment, Ingram filed tax returns in which she reported false and inflated Schedule A deductions and in one year, a Schedule C business loss, in order to reduce her overall tax liability. For tax years 2010 and 2011, she filed returns claiming mortgage interest deductions of $45,072 and $371,427 even though she had not made any mortgage payments since 2008, the loan had defaulted, and the property had gone into foreclosure.

Ingram also allegedly claimed real estate tax deductions in those same tax years even though the taxes were paid by the mortgage lender.

The indictment said Ingram fraudulently reduced her tax liability by more than $126,000.

The charge of filing false tax returns provides for a sentence of no greater than three years in prison, one year of supervised release, and a fine of $250,000 or twice the gross gain or loss.